Compensation for Member's Death
60 years & above aged societies members & Employees when died will be given Rs 10,000/- to Concerned Nominee from Bamul Trust.
Compensation for persons with Physically Handicap / Paralysis
Societies members & Employees Physically Handicap /Paralysis (80% Disability) will be given Rs 5,000/- from Bamul Trust.
Janashree Bima Yojana(JBY) Scheme
social security scheme of janashree bima yojana (Govt of India sponsored scheme ) combined with Group Insurance scheme so that enhanced insurance coverage to the member's family in the event of unfortunate death of the members is passed on.As an add on benefit to the janashree bima yojana we are also covering them under Siksha Sahayog Yojana.This siksha sahayog yojana is for the benefit of children of the parents covered under janashree bima yojana scheme.
Benefits of the JBY scheme
Natural Death of the Member : Rs 30000/-
Death by Accident : Rs 75000/-
Permanent Disability due to Accident : Rs 75000/-
Partial Disability due to Accident : Rs 37500/-
A scholarship of Rs 1200/- per yearly will be paid to students studying in 9 th to 12 th standard (including ITI courses). The benefit restricted to two children of a family. The number of scholarships to the children of members of the group is restricted to 15% of the total number of members and will be given to poorest of the poor.
Compensation for Death of Cross Breed Heifer/ Local Cow/ Buffaloes
Milk procument Co-operative Societies members & Employees Cross Breed Heifer/ Local Cow/Buffaloes death animals which are not covered under Group Cattle Insurance scheme from Bamul Trust we give compensation of Rs 6000/- for Cross Breed Heifer & Rs 5000/- for Local cow & Buffaloes as financial assistance.